boyinjungle

boyinjungle

Gold is in a bullish trend since it tested its support at 1805. However we can see a bigger wedge (white trend lines) testing the bulls. Today we have a test for this wedge at 1846. If there is enough bullish momentum then the bullish trend between yellow lines will continue and we will test the next resistance at 1852 - 1858 - 1868. However if the breakout fails...

boyinjungle

There is divergence in 4hr chart. The candle is testing the trend line. Price is 50 USD above the 50 day MA. Price is not able to close above 1978 res. There are many long wick candles at this level suggesting reversal. We will see bears this week. Price will test the 1940 level. SELL 1974 SL 1986 TP 1940

boyinjungle

Gold is trying to break 1981 but is not able to close above it in daily chart. This shows the selling pressure here. Moreover there is green in daily chart from six days. So bulls need a break and retest the support levels at 1967 or 1957. The trend will be bullish until gold not forms a lower low below 1964. The important levels for today are 1952-1957-1964-1967...

boyinjungle

Gold made new high of 1970 and tested the support at 1940. DXY is very strong. Gold is able to recover upto 1960 level after if tested its support. Today we may see rejection above 1964 if there is no buying pressure. There is good support at 1933 and we will have enough buying pressure to break the 1970 if price tests this level.

boyinjungle

Gold is still ranging between its support 1916 and resistance 1933. We see the triangle will close in a day. So be ready for breakout. We should not be biased about the direction of breakout and I suggest to take trades ones the price completely fall or rise So go for buy above 1880 and sell below 1966. For today dont take any trade until the price touches any of...

boyinjungle

Yesterday gold failed to breakout after testing the 1937 and 1944 levels. It tested the support near 1916 and is able to sustain within the descending wedge . The wedge is coming very narrow and the boundaries today are 1916 and 1932. So we can go for scalp trades near both these levels. Since this is descending wedge we will generally have a downside breakout if...

boyinjungle

Gold is bullish since this week. If trend continues we will see high of 1958 today. For now the support is strong near 1928. So we can expect bullish trend above this. However if price close below 1928 in four hour then we can test levels upto 1916 before reversal. The levels for today are 1916-1928-1939-1948-1958 My trading idea is Buy 1932-1936 SL 1926 TP...

boyinjungle

Gold shifted below the value zone and tested the upper boundary at 1932. Gold is range bound between 1916 and 1932 now. It has to break one of these levels to test new high or lows. The next high is 1948. However the higher low will be 1904 if it closes below 1916. The important levels are 1904-1916-1922-1932-1948 My trading suggestion for today Sell 1932 SL...

boyinjungle

Gold made a low of 1926 and tested its support Now the trend line suggests bulls will start rising and test the 1974 level. My trading suggestion BUY 1935 SL 1920 TP 1966

boyinjungle

Yesterday gold tested its support at 1910 and is able to pull back. Now gold is moving in a value zone with bearish trend. Today the upper limit is 1934 and lower limit is 1904. However there is good buying pressure near 1908. This is also weekly support. So I suggest to go for short trades near UVL boundary. Sell 1930 SL 1940 TP 1910

boyinjungle

Gold is sticking between range 1920 to 1937. Today it tested the 1937 resistance and failed to breakout. It also shifted to the level between 1920 to 1927. Since the momentum is bearish we may test 1910 level for enough buying pressure. Otherwise we will keep going to 1880 before any new rise. I suggest to go for Sell 1927 SL 1938 TP 1908

boyinjungle

Gold is ranging since opening on Monday. However it is still witin the channel and is failing to break the trend line near 1930. If price breakout this trend line then the next resistance is 1948. If price is not able to break the trend line then it will continue ranging between 1915 and 1930 levels. So we may go for small buy orders near 1915 and sell orders...

boyinjungle

Gold tested its 1950 and rejected from there to test support at 1925. Today we may expect gold will breakout 1950 level and test next resistance at 1965 in US session. If the breakout not happen then it will continue ranging between 1926 to 1950 BUY 1926-1930 SL 1920 TP 1946 Gold is bullish. There is strong support at 1908 and next good resitsance is 1965

boyinjungle

Gold started pull back after completion of Head Shoulder. The 1890 level is good support and helped in reversal. Yesterday the news were also positive for gold and we are able to see this effect from today morning. Howerver there is a good resistance at 1950. So we can expect small pull back at this level before gold goes higher. Today gold is bullish. So go only...

boyinjungle

Yesterday gold continuously fell. But the 1908 showed a rebound which is the largest since it started falling from 1980 level. Today also we may expect gold to test this level and start pull back to levels above 1925 and 1950 if price is able to sustain above 1900 range. However there is very good buying zone in 1880 and if price falls to this level we will see a...

boyinjungle

Gold is bleeding since monday. The break from trendline at 1980 and Head and Shoulder pattern are indications for selling. Now the trend is bearish. So go for sell trades. If prices closes below 1925 in 4 hours chart then we can expect gold to test levels upto 1880 before reversal. However war is still happening and we can expect gold to reverse anytime soon. We...

boyinjungle

Gold closed below the value zone lower trend line. Now it will act as resistance. For today this resistance is between 1990-2000. So we can expect a reversal from this level. We can see the 1970 level is acting as a support. However if this breaks then 1950 will be good support. The trend is bearish as we can see from four days. So I suggest to go for short trades...

boyinjungle

Yesterday gold made high near 2009 but was not able to close above 2k level in 4 hours chart. For now the volume is stable and gold is moving in lower channel. Today is Friday and we can expect high volatility. I suggest to go long with small stop loss near 1980. We expect gold to close above 2k and test the resistance 2020. My trading plan BUY 1980-1985 SL 1968...